Get ready, it's coming. The Press today

US Economist Fears Greek Debt Default in August

EU Banks Holding Sovereign Debt Ignore Not-If-But-When Scenario of Default

Caja Madrid, Bancaja Begin Process to Create Biggest Spanish Savings Bank

Soros Says ‘We Have Just Entered Act II’ of Crisis

Debt Spreading 'Like a Cancer': Black Swan Author

Japan PM Warns of Default if Debt Not Fixed

For now,
European Stocks Rally on BP Rebound; U.S. Index Futures Rise, Oil Declines

Time to revisit Slideshow: Countries Most Exposed to the PIIGS

Getting ready, what to do?
Jim says buy commodities if and only if you can spell it.... and stock picking, there will be loosers but winners too.
EU : too much politics as usual,
Prejudice, Politics Block Stress Tests on EU Banks